
Quoting
mihamih
Our condo bylaws have an indemnity clause for the board. It excludes gross negligence and fraud.
Check your declaration. It may have something in it already. If it does not it is up to you to decide between higher cost and being more receptive to someone making a mistake.
Also most management companies will have a clause in the contract that will say that if someone at the management company makes a mistake, the association will hold them harmless and defend them. Some contracts say unless "gross negligence" and some just say "negligence."